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Blackstone Secured Lending Fund (BXSL) is a non-diversified, closed-end management investment company.

The investment objectives of the company are to generate current income and, to a lesser extent, long-term capital appreciation.

The company seeks to achieve its investment objectives by investing in originated loans and other securities, including syndicated loans of private U.S. companies, typically in the form of first lien senior secured and unitranche loans, unsecured and subordinated loans, and other securities

Blackstone Secured Lending Fund is a business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund.

 On October 26, 2018, the fund elected to be regulated as a business development company (“BDC”).

Three key data points gauge Blackstone Secured Lending Fund or any dividend paying firm The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.
 

BXSL Price

Blackstone Secured Lending Fund’s price fell about 9% in the past year from $30.49 to $27.74 as of Friday’s market close.

In the past 5 years the company’s share price has ranged from $22.31 to $37.95, the all-time high share price reached  December 23rd, 2021.

Should BXSL share price realize a projected $3.26 price gain from 8 analysts  in the coming year,  its share price might grow to $31.00.
 

BXSL Dividends

Blackstone Secured Lending Fund has paid variable quarterly dividends since May, 2022. The company’s most recent Q dividend of $0.77 was declared February 26th for shareholders of record prior to March 31st, and the dividend is set to pay out April 25th. The forward looking annual dividend of $3.08 yields 11.1% per Friday’s closing price.
 

BXSL Returns

Putting it all together, a $6.34 estimated gross gain per share shows up by adding MSHX%’s annual $3.08 dividend to an estimated $3.26 annual price gain, totaling that $6.34 gross gain amount.

A little over $1000 buys 36 shares at Friday’s $27.74 share price.

So, a $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.28 per share out of the $6.34 gross-gain to give us a $6.06 net amount per share to multiply by 36 shares. That result comes to $218.16 for about a 22% estimated net gain in the coming year.

Furthermore, $110.00 in annual dividend income from your $1,000 investment in Blackstone Secured Lending Fund is about 4x more than the $27.74 single-share price. By these numbers, BXSL could be considered an ideal dividend dog by my dogcatcher standards.

Therefore, you may choose to pounce on BXSL as an 7 year-old quarterly dividend-paying New York BDC. with a 3-year  dividend payment record.

The exact track of BXSL’s future price and dividend will entirely be determined by market action and company finances.

Remember the best way to track stock performance and dividend payments is through direct ownership of company shares.

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